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New Reef Collective (1 Viewer)

When a store transfers, the contract does not usually have a credits transfer. He would have had to reduce his sale price to allow for it.. Provided that was how the store was acquired. New owners never have to grant old credits. they dont usually buy the debt. A bankruptcy would have required all stuff that had value to be sold to cover the old debt already and store credits are not considered a debt. Its called something else. its like an honorary of some sort if I can recall correctly.. I had talked with a contract lawyer some years ago when I was considering buying a store.. and those were some of the things we discussed.
 

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